Bitcoin Trend / 30-10-2017

in #bitcoin9 years ago

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 Expected trading for today is between 5935.00  support and 6330.00 resistance  

As expected (Check The Weekend Update)
Bitcoin price is placed well above 5935.00 level and formed solid support.

So What Next!

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  • Bitcoin price made a strong push as traders are turning their attention to the looming network upgrade.

  • Bitcoin price start to attack the recently top at 6180.00 and it is on the way towards 6330.00.

  • EMA50 reinforce the chance of continuing the bullish wave.

  • 100 SMA above 200 SMA / signal a pickup in buying pressure.

  • Stochastic show that there is some buying pressure left.

  • Breaking 5935.00 level and hold below it, will cancel the expected rise.

Expected trading
for today is between 5935.00 support and 6330.00 resistance.
Expected trend for today: Bullish.

Source

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Looking at the two trend channels it seems that we are leaving the long time trend to the upside! That's stunning!

Thanks for support
By the way RSI is already in the overbought area to show that profit-taking among bulls is possible.

Wow great news for the bitcoin lovers.

Great series of posts! 😊

Thanks for nice words

Added buying pressure due to speculations about China opening up for Bitcoin trading again, and due to the upcoming Segwit2x fork..👍
Great post! Upvoted and followed😁

thank you @lordoftruth for the update
really helpful
Cheers!

Thanks for the update of btc article.

Smart analyse about btc by @lordoftruth
W
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L
D
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my dear friend...
Waiting for your fx signals today...
Cheers~~~

Just as you predicted :D

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